Geojit posts Rs 20 crore profit in Q2

Geojit BNP Paribas has posted a net profit of Rs 20 crore for the quarter ending September this year.
Announcing the results for Q2, the company stated that profit before tax (PBT) had gone up by 148 per cent to Rs 31 crore from Rs 12.5 crore from the year-ago period.
Consolidated revenues of the company increased by 57 per cent to Rs 82.4 crore in the July-September quarter, from from Rs 52.5 crore in the same quarter of the previous fiscal.
For the first time ever, the company's assets under management and custody rose to Rs 21,150 crore as on September 30, 2014.

Elaborating on the results, Geojit BNP Paribas Managing Director C J George said the significant increase in the market volume has helped the company achieve better results. During this quarter, the company added 14,000 new customers.